Reverse Mortgage

Conn. Lawmakers Pass ‘Redundant’ Reverse Mortgage Counseling Bill 

The Connecticut State Senate passed a bill last week requiring reverse mortgage lenders to ensure that prospective borrowers receive counseling — despite the fact that, as some lawmakers pointed out, that’s already a federally mandated part of the Home Equity Conversion Mortgage program. The law would prevent reverse mortgage lenders from accepting an application until they […]